Precious metals are apparently waking up. And here is where you can find the best deals.
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But the fact that the Fed is wrong about thinking it can use its not-so-magical-after-all hand to dictate the fate of ever-less-free markets is nothing new.
What Tariffs? Chinese Exports to US Surge to All-Time High Despite Trade WarOct 12, 2018 - 07:51:32 PDT
"China's vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington."
The Peak of the High: Confidence in Economic Policy Hits Highest Level in 15 YearsOct 12, 2018 - 07:37:13 PDT
Because after a while, it's so much easier to just stick your head in the sand and join the momentum crowd when all you know is that the darned stock market just keeps going up and nothing else seems to matter.
"J.P. Morgan Chase CEO Jamie Dimon raises concerns that rising interest rates and geopolitical flareups could derail U.S. economic growth." Yet precious metals, the time-tested flight-to-safety trade in times of true world and economic political strife, remain the only asset class not currently in a bubble valuation.
"The recent slide in stocks has not persuaded Chicago Federal Reserve President Charles Evans that the central bank should stop raising interest rates."
As US Prepares Currency Manipulation Report, IMF Says Yuan Is Fairly ValuedOct 12, 2018 - 06:34:29 PDT
The yuan has been falling, stoking US fears of Chinese currency manipulation designed to undermine the effects of tariffs, while the IMF says the yuan's current pricing is far.
"Wells Fargo & Co. is set to become the second big bank to securitize mortgages it has originated, but the fact that such deals are so few and far between says a lot about the housing finance system now."
"Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal balance, Francisco Blanch, head of global commodities and derivatives research, said."
Oct 12, 2018 - 05:28:26 PDT
"Having unilaterally reimposed sanctions on Iran, US President Donald Trump's administration is threatening to penalize companies doing business with the Islamic Republic by denying them access to US banks. But that could hasten the dollar's demise as the main global currency."
Draghi: Despite All Evidence to the Contrary, I'm Right, but Things May Still Go WrongOct 12, 2018 - 05:21:04 PDT
The EU's tireless bad-debt-cheerleader-in-chief hails his past actions while warning that the future may pose problems. Draghi performed his usual soft-shoe, minimizing obvious and present risks to the euro while simultaneously sounding dark notes about future events beyond his control.
"China holds more than a trillion dollars in United States debt, and an escalating trade war could tempt it to wield that debt in a way that has long been unthinkable."
Roach: "Glacial" Fed Rate-Hike Pace Insufficient to Stop Inflationary RiskOct 12, 2018 - 05:10:55 PDT
Former Morgan Stanley chairman Stephen Roach cites tariffs and low unemployment as major inflationary risks that the Fed's current "steady-as-she-goes" rate hike policy will not be able to keep in check.
Recession "By The End Of 2020" That Will Be "Worse Than The Great Depression"Oct 12, 2018 - 05:07:32 PDT
"At one time they seemed determined to convince all of us that happy days were here again for the U.S. economy, but now some mainstream news outlets are openly warning that the next recession will be 'worse than the Great Depression."
The Return of the VIX: Wall St. Fear Gauge Hits Highest Level Since FebruaryOct 12, 2018 - 05:05:32 PDT
The Cboe Volatility Index spiked on Thursday as widespread selling sent the Dow down over 500 points.
Many investors are surprised that gold & silver have rallied while the stock market sells-off, but not Steve St. Angelo. Here's why...
The 10-year yield ticked back up to 3.155%, while the DX recovered to 95.08. Gold pulled back to $1220 and was $1,223 bid at 4PM with a hefty gain of $29.
The Dow Jones fell 831 points Wednesday, a decline of more than 3%. Meanwhile, the S&P 500 charted its biggest daily decline since February and the Nasdaq Composite dropped 4.08 percent. This follows on the heels of a 200-point drop in the Dow last week after the 10-year US Treasury yield hit the highest level since 2011.In a podcast last week, Peter Schiff said rising interest rates could serve as the pin that pricks the stock market bubble. In his most recent podcast, Peter said the stock market rout seems to confirm his feeling and warned a recession will follow.
US stock markets plunged Wednesday, shedding over 800 points. Could the be the popping bubble Ron Paul recently said was on the horizon? That remains to be seen. But equities in many emerging markets have been shedding value for several months. Take India for instance. As a recent article in the Economic Times of India put it, "Asset classes are in a state of churn. One look at the chaos in domestic equities is enough to suggest that not all is well with this segment."So what are Indian investors doing? Buying gold.
Is this the start of just a corrective rally in gold, or is this actually a gold break-out? Here are some price levels to be watching to answer that question...
Bond king Jeff Gundlach sees US stocks heading lower alongside their global counterparts.